Lorrie Parajeckas' Blog
If you are preparing to sell your house, you need to be honest with yourself and others. That way, you can increase the likelihood of a fast, profitable home selling experience.
Ultimately, it pays to be an honest home seller for a number of reasons, including:
1. You can establish a competitive price for your house.
It is important to understand that what your house is worth today is unlikely to match what you paid for it, regardless of when you bought your home. Fortunately, an honest home seller is realistic about his or her house's value and can plan accordingly.
Generally, an honest home seller will allocate the necessary time and resources to conduct a home appraisal. Because with an appraisal report in hand, this home seller can establish a competitive price for his or her house based on actionable data.
2. You can identify home problems before a buyer does.
If a home seller tries to hide home problems from a buyer, the consequences could be significant. In fact, a seller may put a potential home sale in jeopardy if he or she fails to be forthright and honest with buyers from the get-go.
For example, consider what might happen if a buyer submits an offer on a house and discovers myriad home problems during an inspection. In this scenario, a buyer may ask the seller to perform various home repairs or request a price reduction. Or, a buyer may choose to walk away from a home sale altogether.
As a home seller, it helps to take an honest approach to inform potential buyers about the condition of a house. If a residence requires assorted repairs, a seller may want to complete these repairs before listing his or her residence.
Comparatively, a seller can always include information about a home's condition in a house listing. If a seller does so, he or she can help buyers make an informed decision about a possible home purchase.
3. You can avoid rash decisions throughout the home selling journey.
An honest home seller usually is calm, cool and collected throughout the home selling journey. This seller understands the pros and cons of his or her house, and as such, can take an informed, logical approach to make the best-possible decisions.
Perhaps most important, an honest home seller is unafraid to receive negative feedback about his or her house. As a result, this seller may be better equipped than others to avoid rash decisions during the home selling journey.
There are many great reasons why a home seller should strive to be honest at each stage of the home selling cycle. Of course, if you need extra help as you sell your house, you may want to hire a real estate agent as well.
Typically, a real estate agent will provide honest, unbiased home selling recommendations and suggestions. He or she will even help you get your house ready for the real estate market. And with this housing market professional's support, a home seller can move closer to achieving his or her desired results.
An open house can be a life-changing event for a homebuyer. If you plan ahead for an open house, you should have no trouble determining whether a residence matches or exceeds your expectations. And if the answer is "Yes," you can proceed quickly to submit a competitive offer to acquire a house.
What does it take to prep for an open house? Here are three open house preparation tips that every homebuyer needs to know.
1. Understand Your Budget
Before you attend an open house, you should find out how much money is at your disposal. Thus, you may want to meet with banks and credit unions to see if you can get pre-approved for a mortgage. That way, you can kick off your home search with a budget in hand.
Although you know that you have only a certain amount of money to spend on a residence, it may be worthwhile to consider attending open houses for residences with initial asking prices that are above your price range. Because in some instances, a home seller may be willing to accept an offer that falls below his or her initial asking price.
2. Create a List of Questions
A home is one of the biggest purchases that a person can make, and as such, it pays to be diligent. If you craft a list of questions before an open house, you can get immediate responses from the showing agent. Then, you can determine the best course of action.
When it comes to an open house, there is no such thing as a "bad" question. As a homebuyer, it is paramount to get as much information as possible about a residence to determine whether a house is right for you. Therefore, if you create a list of questions in advance, you can improve your chances of getting the most out of an open house.
3. Consult with a Real Estate Agent
If you're uncertain about how to approach an open house, you're not alone. Fortunately, real estate agents are available nationwide who are happy to teach you the ins and outs of the real estate market. By doing so, these housing market professionals will make it easy to take an informed approach to any open house, at any time.
A real estate agent will always keep you up to date about new residences as they become available. Also, if you are interested in homes in a particular city or town, a real estate agent will notify you about open houses in this area. And if you need extra help prepping for an open house, a real estate agent is happy to assist you in any way possible.
Let's not forget about the support that a real estate agent provides throughout the homebuying journey, either. A real estate agent will help you submit an offer on a house, negotiate with a seller's agent on your behalf and much more.
Be diligent as you get ready for an open house – use the aforementioned tips, and you can fully prepare for an open house.
When you own a home, you take over the landlord responsibilities of maintaining the property. That means you change out the lightbulbs and call the plumber when the drain plugs. Twice a year you faithfully check the smoke detectors and replace their batteries. You even take care of the lawn or hire a professional landscaping service to do it for you. But a few areas need regular attention of which you may be unaware. These sneaky tasks, when left undone, can end up costing a wad of cash down the line.
Schedule service for these items into your life:
- Gutters and downspouts: Because you can't see into them, you tend to forget that a gutter is just a long trough. In the Fall it fills with leaves and debris that need clearing out so that it can do its job—moving water off your roof and away from your foundation. When the gutters become blocked, water piles up endangering your roof and eaves with water damage. If the water freezes, it may cause an ice dam that will further damage your roof. Debris left in the gutter clogs the drains too, so water can't drain away from the roof. If it overflows and falls near the foundation, the extra water and potential ice can wreak havoc with your home's support structure.
- Roofs after a storm: If you live in an area prone to thunderstorms or tornados, the resultant hail and wind can damage your roof even if you can't see it. Hail hits the composite shingles causing divots not visible from the ground. If the divots are deep, or if an area gets hit more than once, your roof develops holes that cause leaks. The wind lifts the shingles away from the roof deck. If the shingle bends, it becomes weak and eventually breaks off. At least once a year, and particularly after a major storm, have your roof inspected. Any certified roofer can do this for you, but if you see granules from your roofing tile on the ground, call your insurance adjuster to see if you need a new roof.
- Water heater: In addition to periodically checking water lines and the thermostat, your water heater needs the sediment drained from the bottom of the tank. Simple to do for standard water heaters, connect a hose to the fixture at the bottom of the tank and drain out some of the water—perhaps five gallons. The sediment resting at the bottom will flow out with the water, and your tank will be more efficient for the next year.
- Air conditioning condensers: If your A/C is outside, weeds and vines may grow into the fins, blocking the airflow and causing the unit to overhead. Keep all plants and debris away from the unit. Protect if from animals too as shedding animal hairs can clog the grate. On the inside, change the filter monthly for best results and to keep your ducts free from dust and lint.
Owning a home is a wonderful responsibility to take seriously so that your forever home lasts you forever. If you are not able to carry out these inspections yourself, seek the assistance of certified contractors to help you.
Winchester, MA 01890
You've probably seen tons of information on finding the best home for the needs of the adults, children and even elderly members of your family, but what about your four-legged family members? Not all dogs are created equal, and if you're going to be a good dog owner, it is important to think of your pets' needs as well. Don't have a dog yet, but want one? Plan in advance by purchasing a home that will already have everything you need.
If you have or want to have outdoor pets, it is essential to ensure you have enough space. Some cities have specific space requirements depending on the size or breed of your dog, but even if they don't, you want to be sure your dog isn't uncomfortable. A dog who is used to large running spaces can go nuts with only access to a small townhouse patio or yard. No matter what size of yard you choose, remember that you will be in charge of cleaning it up. Pet defecation is more evident in a smaller yard; especially if you have a large dog. Plan to train your dog to use only a particular area of the yard as his "bathroom" and prepare the are with scoopers or bags so you can regularly clean it up.
Your dog will also need a space to call his own that's far enough away from the bathroom area. Try setting up a covered area or a dog house to give him somewhere to go. If you live in a high-precipitation area, make sure your dog as a dry refuge when it's pouring out. Similarly, in snowy climates, make sure your dog house is well insulated and equipped with a warm bed to keep them comfortable all winter long.
For indoor only or indoor/outdoor dogs, your interior layout and features come into play. Smaller dogs with furry feet often get going super quickly indoors and can slide around on tile or wood flooring. Plan for that by including rugs in walking spaces and keeping low walls clear of dangerous objects into which your dog might slide. Interior dogs can be especially hard on a carpet. For best results, ensure you have a heavy-duty rug that can take some damage and is easy to clean, such as the same carpet you would choose for small children. Watch the length of your dog's nails, since overly-long sharp nails can gouge your flooring and paint jobs.
Tell your real estate professional about any pets during the buying process so they can assist you in finding that special property for your four-legged friends.